FINANCIAL SUMMARY

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

FY2014 First Quarter

(April 1, 2013 through June 30, 2013)

English translation from the original Japanese-language document

TOYOTA MOTOR CORPORATION

            FY2014 First Quarter Consolidated Financial Results  

(All financial information has been prepared in accordance with accounting principles generally accepted in

the United States of America)

English translation from the original Japanese-language document

August 2, 2013

Company name	:	Toyota Motor Corporation
Stock exchanges on which the shares are listed	:	Tokyo, Nagoya, Sapporo and Fukuoka Stock Exchanges in Japan
Code number	:	7203
URL Representative	: :	http://www.toyota.co.jp Akio Toyoda, President
Contact person	:	Tetsuya Otake, Managing Officer Tel. (0565)28-2121
Filing date of quarterly securities report	:	August 9, 2013
Payment date of cash dividends	:	—
Supplemental materials prepared for quarterly financial results	:	yes
Earnings announcement for quarterly financial results	:	yes

(Amounts are rounded to the nearest million yen)

1. Consolidated Results for FY2014 First Quarter (April 1, 2013 through June 30, 2013)

(1) Consolidated financial results (For the three months ended June 30)

	(% of change from previous first quarter)
	Net revenues				Operating income				Quarterly income before income taxes and equity in earnings of affiliated companies				Quarterly net income attributable to Toyota Motor Corporation
	Million yen		%		Million yen		%		Million yen		%		Million yen		%
FY2014 first quarter		6,255,319		13.7		663,383		87.9		724,163		74.4		562,194		93.6
FY2013 first quarter		5,501,573		59.9		353,143		—		415,203		—		290,347		—

(Note)  Quarterly comprehensive income: FY2014 first quarter 985,532 million yen (— %), FY2013 first quarter 70,636 million yen (— %)

	Quarterly net income attributable to Toyota Motor Corporation per share – Basic		Quarterly net income attributable to Toyota Motor Corporation per share – Diluted
	Yen		Yen
FY2014 first quarter		177.45		177.32
FY2013 first quarter		91.68		91.68

(2) Consolidated financial position

	Total assets		Shareholders’ equity		Toyota Motor  Corporation shareholders’ equity		Ratio of Toyota Motor Corporation shareholders’ equity
	Million yen		Million yen		Million yen		%
FY2014 first quarter		37,168,264		13,550,706		12,897,538		34.7
FY2013		35,483,317		12,772,856		12,148,035		34.2

2. Cash dividends

	Annual cash dividends per share
	End of first quarter		End of second quarter		End of third quarter		Year-end		Total
	Yen		Yen		Yen		Yen		Yen
FY2013		—		30.00		—		60.00		90.00
FY2014		—
FY2014 (forecast)				—		—		—		—

(Note) Revisions to the forecast of cash dividends since the latest announcement: none

3. Forecast of consolidated results for FY2014 (April 1, 2013 through March 31, 2014)

	(% of change from FY2013)
	Net revenues				Operating income				Income before income  taxes and equity in earnings of affiliated companies				Net income attributable  to Toyota Motor Corporation				Net income attributable to Toyota Motor Corporation per share – Basic
	Million yen		%		Million yen		%		Million yen		%		Million yen		%		Yen
FY2014		24,000,000		8.8		1,940,000		46.9		2,030,000		44.6		1,480,000		53.8		467.09

(Note) Revisions to the forecast of consolidated results since the latest announcement: yes

Notes

(1) Changes in significant subsidiaries during the current quarter

(Changes in specified subsidiaries that caused a change in the scope of consolidation): none

(2) Simplified accounting procedures and specific accounting procedures: yes

Note: For more details, please see page 5 “Other Information”.

(3) Changes in accounting policies

(i) Changes by a newly issued accounting pronouncement: yes

(ii) Changes other than (3)-(i) above: none

Note: For more details, please see page 5 “Other Information”.

(4) Number of shares issued and outstanding (common stock)

(i) Number of shares issued and outstanding at the end of each period (including treasury stock): FY2014 first quarter 3,447,997,492 shares, FY2013 3,447,997,492 shares

(ii) Number of treasury stock at the end of each period: FY2014 first quarter 279,413,776 shares, FY2013 280,568,824 shares

(iii) Average number of shares issued and outstanding in each period: FY2014 first quarter 3,168,225,188 shares, FY2013 first quarter 3,166,807,332 shares

Information regarding the Quarterly Review Procedures

At the time of disclosure of this report, the procedures for review of quarterly consolidated financial statements, pursuant to the “Financial Instruments and Exchange Act” of Japan, have not been completed.

Cautionary Statement with Respect to Forward-Looking Statements, and Other Information

This report contains forward-looking statements that reflect Toyota’s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Russian ruble, the Canadian dollar and the British pound, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

This report contains summarized and condensed financial information prepared in accordance with accounting principles generally accepted in the United States of America.

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

TABLE OF CONTENTS

1.  Qualitative Information Concerning Consolidated Financial Results for FY2014 First Quarter	2
(1) Financial Results	2
(2) Segment Operating Results	2
(3) Geographic Information	3
2.  Qualitative Information Concerning Forecast of Consolidated Financial Results for FY2014	4
3.  Other Information	5
(1) Changes in significant subsidiaries during the current period	5
(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements	5
(3) Changes in accounting principles, procedures, and disclosures for quarterly consolidated financial statements	5
4.  Consolidated Production and Sales	6
(1) Production	6
(2) Sales (by destination)	6
5.  Quarterly Consolidated Financial Statements	7
(1) Quarterly Consolidated Balance Sheets	7
(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income	9
(3) Quarterly Consolidated Statements of Cash Flows	11
(4) Going Concern Assumption	11
(5) Segment Information	12
(6) Significant Changes in Shareholders’ Equity	14

1

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

1. Qualitative Information Concerning Consolidated Financial Results for FY2014 First Quarter

(1) Financial Results

Consolidated vehicle unit sales in Japan and overseas decreased by 37 thousand units, or 1.6%, to 2,232 thousand units in FY2014 first quarter (the three months ended June 30, 2013) compared with FY2013 first quarter (the three months ended June 30, 2012). Vehicle unit sales in Japan decreased by 51 thousand units, or 8.8%, to 526 thousand units in FY2014 first quarter compared with FY2013 first quarter. Meanwhile, overseas vehicle unit sales increased by 14 thousand units, or 0.8%, to 1,706 thousand units in FY2014 first quarter compared with FY2013 first quarter.

As for the results of operations, net revenues increased by 753.7 billion yen, or 13.7%, to 6,255.3 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 310.2 billion yen, or 87.9%, to 663.3 billion yen in FY2014 first quarter compared with FY2013 first quarter. The factors contributing to an increase in operating income were the effects of changes in exchange rates of 260.0 billion yen, cost reduction efforts of 70.0 billion yen, marketing efforts of 30.0 billion yen and other factors of 10.2 billion yen. On the other hand, the factors contributing to a decrease in operating income were the increase in expenses and others of 60.0 billion yen. Quarterly income before income taxes and equity in earnings of affiliated companies increased by 308.9 billion yen, or 74.4%, to 724.1 billion yen in FY2014 first quarter compared with FY2013 first quarter. Quarterly net income attributable to Toyota Motor Corporation increased by 271.8 billion yen, or 93.6%, to 562.1 billion yen in FY2014 first quarter compared with FY2013 first quarter.

(2) Segment Operating Results

(i) Automotive:

Net revenues for the automotive operations increased by 697.9 billion yen, or 13.6%, to 5,818.0 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 349.8 billion yen, or 135.2%, to 608.4 billion yen in FY2014 first quarter compared with FY2013 first quarter. The increase in operating income was mainly due to the effects of changes in exchange rates and cost reduction efforts.

(ii) Financial services:

Net revenues for the financial services operations increased by 65.4 billion yen, or 23.8%, to 339.8 billion yen in FY2014 first quarter compared with FY2013 first quarter. However, operating income decreased by 35.4 billion yen, or 40.9%, to 51.2 billion yen in FY2014 first quarter compared with FY2013 first quarter. The decrease in operating income was mainly due to the recording of valuation losses on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) All other:

Net revenues for all other businesses decreased by 8.7 billion yen, or 3.6%, to 234.4 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income decreased by 2.1 billion yen, or 23.5%, to 7.1 billion yen in FY2014 first quarter compared with FY2013 first quarter.

2

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(3) Geographic Information

(i) Japan:

Net revenues in Japan increased by 213.9 billion yen, or 6.6%, to 3,456.2 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 348.9 billion yen, or 325.8%, to 456.0 billion yen in FY2014 first quarter compared with FY2013 first quarter. The increase in operating income was mainly due to the effects of changes in exchange rates and cost reduction efforts.

(ii) North America:

Net revenues in North America increased by 512.3 billion yen, or 32.2%, to 2,105.1 billion yen in FY2014 first quarter compared with FY2013 first quarter. However, operating income decreased by 34.9 billion yen, or 29.7%, to 82.6 billion yen in FY2014 first quarter compared with FY2013 first quarter. The decrease in operating income was mainly due to the recording of valuation losses on interest rate swaps stated at fair value in sales finance subsidiaries.

(iii) Europe:

Net revenues in Europe increased by 83.9 billion yen, or 16.4%, to 595.9 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 1.8 billion yen, or 54.8%, to 5.2 billion yen in FY2014 first quarter compared with FY2013 first quarter.

(iv) Asia:

Net revenues in Asia increased by 144.4 billion yen, or 13.5%, to 1,218.0 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 2.5 billion yen, or 2.6%, to 104.1 billion yen in FY2014 first quarter compared with FY2013 first quarter.

(v) Other (Central and South America, Oceania and Africa):

Net revenues in other regions increased by 125.5 billion yen, or 26.0%, to 609.0 billion yen in FY2014 first quarter compared with FY2013 first quarter, and operating income increased by 15.3 billion yen, or 56.4%, to 42.5 billion yen in FY2014 first quarter compared with FY2013 first quarter. The increase in operating income was mainly due to increases in both production volume and vehicle unit sales.

3

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

2. Qualitative Information Concerning Forecast of Consolidated Financial Results for FY2014

Reflecting the current trend of foreign currency exchange rates, the current forecast of consolidated financial results for FY2014 (April 1, 2013 through March 31, 2014) is set forth below. This forecast assumes average exchange rates through the fiscal year of 92 yen per US$1 and 122 yen per 1 euro.

Forecast of consolidated results for FY2014

Net revenues	24,000.0 billion yen	(an increase of 8.8% compared with FY2013)
Operating income	1,940.0 billion yen	(an increase of 46.9% compared with FY2013)
Income before income taxes and equity in earnings of affiliated companies	2,030.0 billion yen	(an increase of 44.6% compared with FY2013)
Net income attributable to Toyota Motor Corporation	1,480.0 billion yen	(an increase of 53.8% compared with FY2013)

These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Russian ruble, the Canadian dollar and the British pound, and interest rates fluctuations; (iii) changes in funding environment in financial markets and increased competition in the financial services industry; (iv) Toyota’s ability to market and distribute effectively; (v) Toyota’s ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (vi) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota’s automotive operations, particularly laws, regulations and government policies relating to vehicle safety including remedial measures such as recalls, trade, environmental protection, vehicle emissions and vehicle fuel economy, as well as changes in laws, regulations and government policies that affect Toyota’s other operations, including the outcome of current and future litigation and other legal proceedings, government proceedings and investigations; (vii) political and economic instability in the markets in which Toyota operates; (viii) Toyota’s ability to timely develop and achieve market acceptance of new products that meet customer demand; (ix) any damage to Toyota’s brand image; (x) Toyota’s reliance on various suppliers for the provision of supplies; (xi) increases in prices of raw materials; (xii) Toyota’s reliance on various digital and information technologies; (xiii) fuel shortages or interruptions in electricity, transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (xiv) the impact of natural calamities including the negative effect on Toyota’s vehicle production and sales.

A discussion of these and other factors which may affect Toyota’s actual results, performance, achievements or financial position is contained in Toyota’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.

4

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

3. Other Information

(1) Changes in significant subsidiaries during the current period

(Changes in specified subsidiaries that caused a change in the scope of consolidation)

None

(2) Simplified accounting procedures and accounting procedures specific to quarterly consolidated financial statements

Provision for income taxes

The provision for income taxes is computed by multiplying quarterly income before income taxes and equity in earnings of affiliated companies by estimated annual effective tax rates. These estimated effective tax rates reflect anticipated investment tax credits, foreign tax credits and other items, including changes in valuation allowances, that are expected to affect estimated effective tax rates.

(3) Changes in accounting principles, procedures, and disclosures for quarterly consolidated financial statements

In December 2011, the Financial Accounting Standards Board (“FASB”) issued updated guidance of disclosures about offsetting assets and liabilities. This guidance requires additional disclosures about gross and net information for assets and liabilities including financial instruments eligible for offset in the balance sheets. Toyota and its consolidated subsidiaries (“Toyota”) adopted this guidance from the interim period within the fiscal year, begun after January 1, 2013. The adoption of this guidance did not have a material impact on Toyota’s quarterly consolidated financial statements.

In February 2013, FASB issued updated guidance on the presentation of items reclassified out of accumulated other comprehensive income. This guidance requires to present, either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified out of each component of accumulated other comprehensive income based on its source. Toyota adopted this guidance from the interim period within the fiscal year, begun after December 15, 2012. The adoption of this guidance did not have a material impact on Toyota’s quarterly consolidated financial statements.

5

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

4. Consolidated Production and Sales

(1) Production

		(Units)
Business segment		FY2013 first quarter (April 1, 2012 through June 30, 2012)		FY2014 first quarter (April 1, 2013 through June 30, 2013)		Increase (Decrease)
Automotive	Japan		1,105,286		1,059,427		(45,859	)
	North America		450,723		484,419		33,696
	Europe		102,030		108,396		6,366
	Asia		470,070		473,419		3,349
	Other		108,053		128,511		20,458
	Total		2,236,162		2,254,172		18,010
Other	Housing		1,044		1,189		145

Note: 1 Production in “Automotive” indicates production units of vehicles (new).

2 “Other” in “Automotive” consists of Central and South America, Oceania and Africa.

(2) Sales (by destination)

		(Units)
Business segment		FY2013 first quarter (April 1, 2012 through June 30, 2012)		FY2014 first quarter (April 1, 2013 through June 30, 2013)		Increase (Decrease)
Automotive	Japan		576,670		525,777		(50,893	)
	North America		662,347		688,656		26,309
	Europe		208,847		192,511		(16,336	)
	Asia		418,756		394,866		(23,890	)
	Other		401,943		430,049		28,106
	Total		2,268,563		2,231,859		(36,704	)
Other	Housing		930		988		58

Note: 1 Sales in “Automotive” indicates sales units of vehicles (new).

2 “Other” in “Automotive” consists of Central and South America, Oceania, Africa and the Middle East, etc.

6

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

5. Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

	(Amount: million yen)
	FY2013 (March 31,  2013)			FY2014 first quarter (June 30, 2013)			Increase (Decrease)
Assets
Current assets:
Cash and cash equivalents		1,718,297			1,526,287			(192,010	)
Time deposits		106,700			97,601			(9,099	)
Marketable securities		1,445,663			2,007,922			562,259
Trade accounts and notes receivable, less allowance for doubtful accounts		1,971,659			1,838,834			(132,825	)
Finance receivables, net		5,117,660			5,335,738			218,078
Other receivables		432,693			338,216			(94,477	)
Inventories		1,715,786			1,863,046			147,260
Deferred income taxes		749,398			784,244			34,846
Prepaid expenses and other current assets		527,034			578,187			51,153
Total current assets		13,784,890			14,370,075			585,185
Noncurrent finance receivables, net		6,943,766			7,302,124			358,358
Investments and other assets:
Marketable securities and other securities investments		5,176,582			5,635,615			459,033
Affiliated companies		2,103,283			2,174,166			70,883
Employees receivables		53,741			53,451			(290	)
Other		569,816			576,027			6,211
Total investments and other assets		7,903,422			8,439,259			535,837
Property, plant and equipment:
Land		1,303,611			1,304,855			1,244
Buildings		3,874,279			3,923,838			49,559
Machinery and equipment		9,716,180			9,890,442			174,262
Vehicles and equipment on operating leases		3,038,011			3,208,288			170,277
Construction in progress		291,539			307,890			16,351
Total property, plant and equipment, at cost		18,223,620			18,635,313			411,693
Less – Accumulated depreciation		(11,372,381	)		(11,578,507	)		(206,126	)
Total property, plant and equipment, net		6,851,239			7,056,806			205,567
Total assets		35,483,317			37,168,264			1,684,947

7

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

	(Amount: million yen)
	FY2013 (March 31,  2013)			FY2014 first quarter (June 30, 2013)			Increase (Decrease)
Liabilities
Current liabilities:
Short-term borrowings		4,089,528			4,168,115			78,587
Current portion of long-term debt		2,704,428			2,634,466			(69,962	)
Accounts payable		2,113,778			2,033,299			(80,479	)
Other payables		721,065			683,007			(38,058	)
Accrued expenses		2,185,537			2,298,249			112,712
Income taxes payable		156,266			272,223			115,957
Other current liabilities		941,918			948,802			6,884
Total current liabilities		12,912,520			13,038,161			125,641
Long-term liabilities:
Long-term debt		7,337,824			7,911,237			573,413
Accrued pension and severance costs		766,112			774,806			8,694
Deferred income taxes		1,385,927			1,555,495			169,568
Other long-term liabilities		308,078			337,859			29,781
Total long-term liabilities		9,797,941			10,579,397			781,456
Total liabilities		22,710,461			23,617,558			907,097
Shareholders’ equity
Toyota Motor Corporation shareholders’ equity:
Common stock, no par value, authorized: 10,000,000,000 shares at March 31, 2013 and June 30, 2013 issued: 3,447,997,492 shares at March 31, 2013 and June 30, 2013		397,050			397,050			—
Additional paid-in capital		551,040			551,021			(19	)
Retained earnings		12,689,206			13,061,354			372,148
Accumulated other comprehensive income (loss)		(356,123	)		16,542			372,665
Treasury stock, at cost, 280,568,824 shares at March 31, 2013 and 279,413,776 shares at June 30, 2013		(1,133,138	)		(1,128,429	)		4,709
Total Toyota Motor Corporation shareholders’ equity		12,148,035			12,897,538			749,503
Noncontrolling interests		624,821			653,168			28,347
Total shareholders’ equity		12,772,856			13,550,706			777,850
Commitments and contingencies
Total liabilities and shareholders’ equity		35,483,317			37,168,264			1,684,947

8

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(2) Quarterly Consolidated Statements of Income and

      Quarterly Consolidated Statements of Comprehensive Income

First quarter for the three months ended June 30

Quarterly Consolidated Statements of Income

	(Amount: million yen)
	FY2013 first quarter (Three months ended June 30, 2012)			FY2014 first quarter (Three months ended June 30, 2013)			Increase (Decrease)
Net revenues:
Sales of products		5,233,688			5,926,535			692,847
Financing operations		267,885			328,784			60,899
Total net revenues		5,501,573			6,255,319			753,746
Costs and expenses:
Cost of products sold		4,540,873			4,802,456			261,583
Cost of financing operations		131,959			219,797			87,838
Selling, general and administrative		475,598			569,683			94,085
Total costs and expenses		5,148,430			5,591,936			443,506
Operating income		353,143			663,383			310,240
Other income (expense):
Interest and dividend income		34,636			38,163			3,527
Interest expense		(6,036	)		(4,584	)		1,452
Foreign exchange gain, net		10,918			9,477			(1,441	)
Other income, net		22,542			17,724			(4,818	)
Total other income (expense)		62,060			60,780			(1,280	)
Quarterly income before income taxes and equity in earnings of affiliated companies		415,203			724,163			308,960
Provision for income taxes		164,914			210,130			45,216
Equity in earnings of affiliated companies		71,341			89,938			18,597
Quarterly net income		321,630			603,971			282,341
Less: Quarterly net income attributable to noncontrolling interests		(31,283	)		(41,777	)		(10,494	)
Quarterly net income attributable to Toyota Motor Corporation		290,347			562,194			271,847
	(Amount: yen)
Quarterly net income attributable to Toyota Motor Corporation per share
Basic		91.68			177.45			85.77
Diluted		91.68			177.32			85.64

9

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

Quarterly Consolidated Statements of Comprehensive Income

	(Amount: million yen)
	FY2013 first quarter (Three months ended June 30, 2012)			FY2014 first quarter (Three months ended June 30, 2013)			Increase (Decrease)
Quarterly net income		321,630			603,971			282,341
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments		(161,155	)		117,861			279,016
Unrealized gains (losses) on securities		(90,782	)		260,921			351,703
Pension liability adjustments		943			2,779			1,836
Total other comprehensive income (loss)		(250,994	)		381,561			632,555
Quarterly comprehensive income		70,636			985,532			914,896
Less: Quarterly comprehensive income attributable to noncontrolling interests		(17,252	)		(50,673	)		(33,421	)
Quarterly comprehensive income attributable to Toyota Motor Corporation		53,384			934,859			881,475

10

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(3) Quarterly Consolidated Statements of Cash Flows

	(Amount: million yen)
	FY2013 first quarter (Three months ended June 30, 2012)			FY2014 first quarter (Three months ended June 30, 2013)
Cash flows from operating activities:
Quarterly net income		321,630			603,971
Adjustments to reconcile quarterly net income to net cash provided by operating activities
Depreciation		253,132			287,661
Provision for doubtful accounts and credit losses		6,940			8,187
Pension and severance costs, less payments		4,601			3,738
Losses on disposal of fixed assets		5,953			5,607
Unrealized losses on available-for-sale securities, net		12			2,526
Deferred income taxes		5,721			(19,375	)
Equity in earnings of affiliated companies		(71,341	)		(89,938	)
Changes in operating assets and liabilities, and other		176,043			226,961
Net cash provided by operating activities		702,691			1,029,338
Cash flows from investing activities:
Additions to finance receivables		(2,424,248	)		(3,015,498	)
Collection of and proceeds from sales of finance receivables		2,182,341			2,722,212
Additions to fixed assets excluding equipment leased to others		(183,289	)		(239,446	)
Additions to equipment leased to others		(255,754	)		(403,833	)
Proceeds from sales of fixed assets excluding equipment leased to others		10,230			8,655
Proceeds from sales of equipment leased to others		119,222			205,701
Purchases of marketable securities and security investments		(833,276	)		(1,702,481	)
Proceeds from sales of and maturity of marketable securities and security investments		645,055			1,081,860
Changes in investments and other assets, and other		39,620			33,476
Net cash used in investing activities		(700,099	)		(1,309,354	)
Cash flows from financing activities:
Proceeds from issuance of long-term debt		601,632			1,127,431
Payments of long-term debt		(664,512	)		(821,711	)
Increase (decrease) in short-term borrowings		271,391			(43,045	)
Dividends paid		(95,004	)		(190,046	)
Purchase of common stock, and other		(16,811	)		(18,872	)
Net cash provided by financing activities		96,696			53,757
Effect of exchange rate changes on cash and cash equivalents		(50,200	)		34,249
Net increase (decrease) in cash and cash equivalents		49,088			(192,010	)
Cash and cash equivalents at beginning of period		1,679,200			1,718,297
Cash and cash equivalents at end of period		1,728,288			1,526,287

Note: In the Quarterly Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, bank deposits that can be withdrawn at any time and short-term investments that can be converted into cash at any time and carry minimal risk of change in value.

(4) Going Concern Assumption

None

11

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(5) Segment Information

(i) Segment operating results

FY2013 first quarter (Three months ended June 30, 2012)

	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		5,110,683		267,885		123,005		—			5,501,573
Inter-segment sales and transfers		9,422		6,583		120,251		(136,256	)		—
Total		5,120,105		274,468		243,256		(136,256	)		5,501,573
Operating expenses		4,861,412		187,734		233,926		(134,642	)		5,148,430
Operating income		258,693		86,734		9,330		(1,614	)		353,143
FY2014 first quarter (Three months ended June 30, 2013)
	(Amount: million yen)
	Automotive		Financial Services		All Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		5,807,049		328,784		119,486		—			6,255,319
Inter-segment sales and transfers		10,956		11,092		114,985		(137,033	)		—
Total		5,818,005		339,876		234,471		(137,033	)		6,255,319
Operating expenses		5,209,509		288,607		227,337		(133,517	)		5,591,936
Operating income		608,496		51,269		7,134		(3,516	)		663,383

12

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(ii) Geographic information

FY2013 first quarter (Three months ended June 30, 2012)

	(Amount: million yen)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		2,014,485		1,559,749		489,449		997,697		440,193		—			5,501,573
Inter-segment sales and transfers		1,227,780		33,062		22,599		75,961		43,298		(1,402,700	)		—
Total		3,242,265		1,592,811		512,048		1,073,658		483,491		(1,402,700	)		5,501,573
Operating expenses		3,135,160		1,475,175		508,647		972,078		456,315		(1,398,945	)		5,148,430
Operating income		107,105		117,636		3,401		101,580		27,176		(3,755	)		353,143

FY2014 first quarter (Three months ended June 30, 2013)

	(Amount: million yen)
	Japan		North America		Europe		Asia		Other		Inter-segment Elimination			Consolidated
Net revenues:
Sales to external customers		1,939,067		2,062,276		568,278		1,123,017		562,681		—			6,255,319
Inter-segment sales and transfers		1,517,149		42,857		27,720		95,050		46,337		(1,729,113	)		—
Total		3,456,216		2,105,133		595,998		1,218,067		609,018		(1,729,113	)		6,255,319
Operating expenses		3,000,141		2,022,462		590,734		1,113,889		566,512		(1,701,802	)		5,591,936
Operating income		456,075		82,671		5,264		104,178		42,506		(27,311	)		663,383

Note: “Other” consists of Central and South America, Oceania and Africa.

13

TOYOTA MOTOR CORPORATION    FY2014 First Quarter Financial Summary

(All financial information has been prepared in accordance with accounting principles generally accepted in the United States of America)

(6) Significant Changes in Shareholders’ Equity

None

14